OUR BUSINESS
We are a leading technology-enabled service provider, providing (i) Business Correspondence services to major banks in India, (ii) Assisted E-services; and (iii)E-Governance Services at grass grassroots levels in India. Through our network, we provide access points for the delivery of essential utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for governments (G2C) and businesses (B2B) alike in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas.
BLS E-SERVICES LIMITED IPO DATE & PRICE BAND DETAILS
IPO Open Date Jan 30, 2024 IPO Close Date Feb 01, 2024 IPO Size Approx ₹310 Crores IPO lot size ₹108 Offer For Sale 23,030,000 Shares IPO Face Value ₹10 Per Equity Share IPO Price Band [129] to ₹[135] Per Every Share IPO Listing On NSE and BSE IPO Retail Quota 10% IPO QIB Quota 2.04% IPO NII Quota 5.23% IPO Discount N/A DRHP Draft Click Here RHP Draft Click Here Anchor Investor Click Here
BLS E-SERVICES LIMITED IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 108 108 Shares ₹14,580 Retail Maximum - - ₹- S-HNI Minimum - 1,512 Shares ₹2,04,120 B-HNI Minimum - 7,452 Shares ₹10,06,020
OBJECTS OF THE OFFER
Our Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Strengthening our technology infrastructure to develop new capabilities and consolidate our existing platforms.
2. Funding initiatives for organic growth by setting up BLS Stores.
3. Achieving inorganic growth through acquisitions.
4. General Corporate Purposes.
BLS E-SERVICES LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)
Price Band Announcement [.] Anchor Investor Allotment [.] IPO Open Date Jan 30, 2024 IPO Close Date Feb 01, 2024 Basis of Allotment Feb 02, 2024 Refunds [.] Credit to Demat Account [.] IPO Listing Date Feb 06, 2024
BLS E-SERVICES LIMITED FINANCIAL REPORT
₹ in Crores Year Revenue Expense PAT 31-Mar-2023 ₹246.29 ₹179.47 ₹20.33 31-Mar-2022 ₹98.40 ₹55.93 ₹5.38 31-Mar-2021 ₹40.59 ₹40.59 ₹3.15
OUR PROMOTERS
BLS International Services Limited is the Promoter of our Company. As of the date of this Draft Red Herring Prospectus, our Promoter holds 4,62,56,485 Equity Shares, equivalent to 69.32% of the pre-issue paid-up Equity Share capital of our Company. All Equity Shares issued to our Promoter were fully paid-up at the time of Allotment. For further details on the shareholding of our Promoter and Promoter Group.
QUALITATIVE FACTOR
Some of the qualitative factors and our strengths form the basis for computing the Issue price as follows:
1. Asset light business model.
2. We enable social and financial inclusion in India.
3. Multiple cross-selling and up-selling opportunities, network effect, and wide reach for customer acquisition.
4. Business model with diverse sources of revenue and negligible customer acquisition and retention costs.
5. Successful track record of our acquisitions.
6. Experienced senior management, skilled employees, and strong parentage of our Promoter “BLS International Services Limited.
Basic & Diluted Earnings Per Equity Share (“EPS”)
Financial Year Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 3.02 3.02 3 March 31, 2022 0.89 0.89 2 March 31, 2021 0.52 0.52 1 Weighted Average 1.89 1.89 -
BLS E-SEVICES LIMITED COMPANY CONTACT DETAILS
G-4B-1, Extension,
Mohan Co-operative Indl. Estate Mathura Road,
South Delhi, New Delhi –110044,
India
Telephone: +91-11-45795002
Website: www.blseservices.com
BLS E-SEVICES LIMITED IPO REGISTAR
KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
